By PAN PYLAS, Associated Press
LONDON (AP) — The U.K. secured its first major post-Brexit trade deal on Friday after signing an agreement with Japan just as discussions with the European Union appeared to be teetering on the brink of collapse.
The deal, which is largely a rollover of one the U.K. enjoyed as a member of the EU, has only been agreed upon in principle. Other rollover deals are in the works, too, including with Canada and South Korea.
“The agreement we have negotiated — in record time and in challenging circumstances — goes far beyond the existing EU deal, as it secures new wins for British businesses in our great manufacturing, food and drink, and tech industries,” said Britain’s international trade secretary, Liz Truss, who pointed to concessions on English sparkling wine and Wensleydale cheese.
The government said U.K. businesses will benefit from tariff-free trade on 99% of